§ Mr. Cookasked the Chancellor of the Exchequer what is the total cost in tax forgone of uprating the incomes ceiling of the age allowance by 15 per cent., and what is his estimate of the number of taxpayers who would be exempt from the incomes ceiling in 1981–82 by such an uprating.
§ Mr. Peter Rees[pursuant to his reply, 10 April 1981, c. 356]: The full year cost at 1981–82 income levels of uprating the income limit for the age allowance by 15 per cent., that is, rounded up to the nearest multiple of £100, to £6,800, is £30 million assuming that the age and all other allowances remain unchanged. About 330,000 taxpayers would pay less tax as a result.